BEDS36
BATHS23 full 4 partial
SQUARE FEET21,000
MLS#73477347
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family, totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Lot Size: 0.41 Acres
Roof Type: Shingle, Rubber, Other
Stories: 5.0
Taxes: $27,787
Year Built: 1900
Amenities
Rain Gutters
Other
Feature Descriptions
Building Area Total: 21000
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 66
Dwelling Type: 5-9 Family
Electric: 110 Volts, Other (See Remarks)
Exterior: Frame
Flooring: Wood, Tile, Carpet
Lot Features: Corner Lot, Other
Open Parking Y/N: Yes
Parcel Number: 2829778
Parking Features: Paved Drive, Leased, Assigned
Parking Total: 17
Rooms Total: 81
Sewer: Public Sewer
Units: 24
Utilities: for Gas Range
Water: Public
Listed By / Shown By
Listed By
Agency Name: NextGen Realty, Inc.
Agency Phone: 617-208-2100
Agent Name: Zachary Conley
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 10,685.38 per month $7,400.01 Principal & Interest $2,315.58 Property Tax $969.79 Homeowner's Insurance
1155-1157 Pleasant Street | MLS# 73477347
This multi-family property located at 1155-1157 Pleasant Street, Fall River, MA 02723 is currently listed for sale with an asking price of $3,325,000. Search Fall River real estate on www.masiellogrouprealestate.com today.